10623 Burbank Blvd - Loft/Creative Space FOR SALE


North Hollywood, CA 91601
$1,650,000 USD
818-266-6424
10623 Burbank Blvd, North Hollywood, CA for Sale
$1,650,000 USD
Loft/Creative Space - FOR SALE
1/25
null | 5.61% Cap Rate

10623 Burbank Blvd
North Hollywood, CA 91601


HIGHLIGHTS

  • Free standing corner building
  • High Traffic Count
  • Distress Sale
  • Excellent Owner User Investment Opportunity
  • High Visibility

OVERVIEW

Don't miss out on this incredible investment opportunity! Presenting a distressed property at the prime corner of Burbank and Willow Crest. This commercial building is a unique find in North Hollywood, one of the most promising neighborhoods on the rise. This versatile space can be utilized as an "owner-user" property or divided into various stores and offices to rent out separately. Boasting approximately 4,991 square feet of usable area, it currently includes 9 offices, 2 restrooms, a media room, and an auditorium that can easily adapt to any layout you envision. With its proximity to the 5 and 101 Freeways and Universal Studios, this location is perfect for medical offices or multimedia ventures. Seize this opportunity and unlock the endless potential of this remarkable property! The property had roof leaks from the last rainstorm, damage to the drywall on the ceiling, and copper wire and breakers were stolen recently in a burglary. Make a reasonable offer, and with a possibility, the leader will make the repairs before the close of escrow.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$331 USD /SF

CAP RATE

5.61%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,251 SF

ZONING

LAC2

APN/PARCEL ID

2415-023-001

ASK ABOUT THIS PROPERTY

Michael KamaliPARS PROPERTIESMore Info
818-266-6424

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Michael KamaliPARS PROPERTIESMore Info
818-266-6424

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.